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D15. In split receipting, what is the "intention to make a gift" threshold?

Submitted by lcollison on Fri, 02/27/2009 - 13:57

D15. In split receipting, what is the "intention to make a gift" threshold?

When a donor has received an advantage in return for his or her gift to a
registered charity, in order for the donation to qualify for an official donation
tax receipt, the gift must meet what is called the “intention to make
a gift” threshold.

In order to meet this threshold, the amount of the advantage received by
the donor cannot exceed 80 per cent of the fair market value of the total
property transferred.